Constellation Energy Corp (CEG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 24,918,000 | 24,440,000 | 19,649,000 |
| Receivables | US$ in thousands | 3,080,000 | 3,441,000 | 241,000 |
| Receivables turnover | 8.09 | 7.10 | 81.53 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $24,918,000K ÷ $3,080,000K
= 8.09
The receivables turnover of Constellation Energy Corporation has fluctuated over the past four years. In 2023, the receivables turnover was 8.74 times, which indicates that the company collected its accounts receivable approximately 8.74 times during the year. This represents an improvement from the previous year, where the turnover was 7.37 times.
A higher receivables turnover ratio generally suggests that the company is more efficient in collecting outstanding customer payments. In 2023, the company's collection efficiency improved compared to 2022, but it was lower than the turnover ratio in 2020 and similar to that in 2021.
It is essential for Constellation Energy Corporation to continue monitoring and managing its receivables turnover to ensure timely collections and maintain a healthy cash flow position. The company may consider implementing strategies to further improve its collection efficiency to enhance its overall financial performance.
Peer comparison
Dec 31, 2023